Question 1

Why create a digital token in the first place?

Accepted Answer

There are a number of reasons to create a digital token. These might be to help raise funds for developing a blockchain project, to help create a community around a project, or simply as a meme.

Question 2

What is vesting?

Accepted Answer

Vesting involves placing some of the total supply of a token to one side until certain conditions are met. These tokens are then released into the market. This is done so as not to flood the market with excess supply.

Question 3

What is a centralized exchange (CEX)?

Accepted Answer

Owned and operated by a centralized private company, a CEX allows users to discover and transact with crypto assets by providing an online trading platform that uses software to execute matching buy and sell orders.

Question 4

What is a decentralized exchange (DEX)?

Accepted Answer

A DEX is an exchange that has no centralized authority overseeing trading. Instead, smart contracts and automated market-maker algorithms are used to facilitate trading.

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How To Create a Crypto Token and List it on a DEX